As demand for cryptocurrencies continues to swell, European Bitcoin exchange Bitstamp has gone live with Ethereum trading today. Finance Magnates previously touched on Bitstamp’s planned support of Ethereum, which followed its recent foray into Litecoin trading back in June.
The decision comes during a recent uptick in Ethereum, which reached all-time highs over the past few months. The cryptocurrency has established itself as the second largest with a market cap of $29.01 billion, trailing only Bitcoin. Following the support of Ethereum, traders will now have access to ETH/BTC, ETH/USD, and ETH/EUR pairs.
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Bitstamp CEO, Nejc Kodrič, commented on the launch: “We’ve been encouraged by ether’s potential and the demand shown for its inclusion among our trading pairs. We encourage new and existing customers to take full advantage of the introductory discounts we have made available on ETH trading fees.”
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“Since starting out in 2011, Bistamp’s mission has been to be the safest and most reliable digital currency exchange on the market. Our careful approach has created a market reputation for prudence which has served us well as we continue to expand and give our customers the trading options they desire,” he added.